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Bill > H1827


MA H1827

MA H1827
Supporting municipal fiscal stability through a special education stabilization fund


summary

Introduced
01/22/2019
In Committee
12/11/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to authorize school districts to establish reserve funds for certain special education and transportation costs. Municipalities and Regional Government.

AI Summary

This bill authorizes school districts in Massachusetts to establish reserve funds for certain special education and transportation costs. The bill allows school districts to set aside up to 2% of their annual net school spending in a special education stabilization fund, which can be used to pay for unanticipated or unbudgeted special education expenses without further appropriation. The fund can be invested, and any interest earned is added to the fund. For regional school districts, funds can only be added to the special education stabilization fund through the annual budget process, which must be approved by the majority of the member communities.

Committee Categories

Government Affairs

Sponsors (14)

Last Action

Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading (on 01/13/2020)

bill text


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